Sad for the 17 workers but that alone will not safe the company. How is the development of Potosi affected? They sepnt 33 Mio AUD in the last 3 quaters!
A few quaters ago management still was talking about acquisitions and now we have the opposite situation. In the last 5 quaters the debts increased by 55Mio AUD (or the cash level was reduced) Cash Q1/2012 ~47, debts ~116 Cash Q1/2013 ~23, debts ~147
I really wonder how much cash will be left after Q2/2013
PEM Price at posting:
13.5¢ Sentiment: Hold Disclosure: Not Held
